When tackling small business risks, it’s easy to focus only on the big, obvious dangers like machinery accidents or fires. Yet, some risks fly under the radar but can hit just as hard if you’re not prepared. A study by Pie Insurance sheds light on these hidden threats that keep many small business owners awake at night.
Workplace Violence
Sadly, workplace violence is an all-too-common issue. As reported by the National Safety Council, such incidents caused over 57,000 injuries in 2022. Signs like excessive alcohol or drug use and emotional instability may indicate a risk. So, what can you do? For starters, being vigilant and creating a supportive work environment is key.
Natural Disasters
Extreme weather — from wildfires to hurricanes — poses more than just a physical threat; it can disrupt your entire operation. Thus, an emergency plan is not just good practice; it’s essential. Training your team on what to do during these events can make all the difference.
Mental Health Risks
With 13% of small businesses citing mental stress as a top workplace injury, the importance of mental health can’t be overstated. Work pressures, poor conditions, and job insecurity contribute to this. Building a culture that supports mental wellness and offers resources is a step in the right direction.
Getting Ahead of Overlooked Small Business Risks
So how can small businesses get ahead of these often-overlooked risks? The Pie Insurance survey provides some OSHA-based best practices:1
- Educate employees on reporting procedures for injuries, hazards, etc.
- Review and update emergency response plans for all potential disasters.
- Enhance security protocols and train employees on responding to violence.
- Acknowledge mental health impacts and provide support resources.
- Conduct comprehensive safety trainings addressing physical and mental risks.
- Routinely inspect the workplace for hazards and update safety procedures.
By being proactive about these frequently overlooked risks, small businesses can avoid costly disruptions and create a safer environment for employees and operations. Don’t let these hidden hazards catch you off guard.
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